GE Aerospace $GE Shares Newly Purchased by Christensen King & Associates Investment Services Inc.

Key Points

• Christensen King & Associates initiated a GE Aerospace position by purchasing 15,801 shares valued at approximately $4.9 million. Institutional investors collectively own 74.77% of the company.
• GE Aerospace reported quarterly EPS of $2.25, exceeding the $2.01 consensus estimate, while revenue rose 24.7% year over year to $13.29 billion. The company also announced a quarterly dividend of $0.47 per share.
• The stock opened at $285.76 after declining 2.7%, as analyst opinions remained mixed: the consensus rating is “Moderate Buy” with a $373.52 price target, although several firms recently lowered their targets amid valuation and industry concerns.

Christensen King & Associates Investment Services Inc. bought a new position in GE Aerospace (NYSE:GE - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,801 shares of the company's stock, valued at approximately $4,934,000. GE Aerospace makes up about 1.8% of Christensen King & Associates Investment Services Inc.'s investment portfolio, making the stock its 13th largest holding.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of GE Aerospace by 2.6% in the second quarter. State Street Corp now owns 46,497,628 shares of the company's stock valued at $17,377,559,000 after buying an additional 1,160,584 shares during the period. Jennison Associates LLC raised its holdings in GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company's stock valued at $3,128,850,000 after buying an additional 3,017,937 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in GE Aerospace by 6.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,251,603 shares of the company's stock valued at $2,710,142,000 after buying an additional 427,820 shares during the last quarter. Wellington Management Group LLP boosted its position in GE Aerospace by 97.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company's stock worth $2,540,592,000 after buying an additional 3,352,432 shares during the period. Finally, Bank of America Corp DE boosted its position in GE Aerospace by 10.0% during the 1st quarter. Bank of America Corp DE now owns 7,664,679 shares of the company's stock worth $2,175,006,000 after buying an additional 695,731 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Down 2.7%

GE Aerospace stock opened at $285.76 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. The firm has a 50 day moving average price of $322.95 and a two-hundred day moving average price of $328.74. The firm has a market cap of $295.29 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.05 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.24. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The company had revenue of $13.29 billion for the quarter, compared to analyst estimates of $12.88 billion. During the same period in the prior year, the firm posted $1.66 EPS. The company's quarterly revenue was up 24.7% on a year-over-year basis. Equities analysts predict that GE Aerospace will post 8.15 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace's dividend payout ratio (DPR) is currently 22.14%.

Key Stories Impacting GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: GE Aerospace beat third-quarter expectations for the eighth consecutive quarter, reporting adjusted EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year. The company also raised its full-year guidance. GE Aerospace Reports Strong Earnings Again
• Positive Sentiment: Defense and Propulsion Technologies remains a bright spot, with revenue growth of 7% and orders up 18%, supported by military-engine demand and defense contracts. GE's Defense & Propulsion Strength Seems Firm
• Positive Sentiment: Management expects to deliver more than 3,200 engines in South Asia over the next decade, highlighting a substantial long-term commercial opportunity. GE is also increasing engine deliveries as Boeing targets higher 787 production. GE Aerospace South Asia Engine Delivery Plans
• Neutral Sentiment: Several research reports remain bullish, citing strong aftermarket demand, execution improvements and GE’s leading position in aero engines. However, the stock’s elevated valuation means further gains may require continued earnings upgrades. Strong Aftermarket Demand and Improving Execution
• Negative Sentiment: Bernstein lowered its price target to $376 from $421, while Susquehanna, JPMorgan, BNP Paribas Exane and RBC also issued cautious views or reduced expectations. The cluster of target cuts is weighing on sentiment. Bernstein Lowers GE Aerospace Price Target
• Negative Sentiment: Analysts are concerned that high jet-fuel prices could pressure airline profitability and delay engine purchases. Investors are also factoring in projected 2027 transition costs associated with the GE9X production ramp, despite GE’s large services backlog. Why GE Aerospace Stock Keeps Going Down

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GE shares. JPMorgan Chase & Co. reduced their target price on shares of GE Aerospace from $400.00 to $375.00 and set an "overweight" rating on the stock in a report on Wednesday. BNP Paribas Exane dropped their price target on shares of GE Aerospace from $305.00 to $280.00 and set an "underperform" rating for the company in a research note on Wednesday. Citigroup reiterated a "buy" rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Royal Bank Of Canada set a $376.00 price objective on GE Aerospace in a report on Friday. Finally, Melius Research set a $350.00 price objective on GE Aerospace and gave the company a "hold" rating in a report on Monday, September 14th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $373.52.

GE Aerospace Company Profile

GE Aerospace NYSE: GE is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.

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